One-Page Deal Sheet
LINN Energy Announces JV with Anadarko in the Salt Creek Oil Field
Linn Energy, Inc Anadarko Petroleum Corp
Announced Date
April 03,2012
Close Date
April 03,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
400
Asset/Basin:
{"Powder River Basin"}
Location
Region
Rockies - Powder River Basin
Country
United States
State
Wyoming
Play
Transaction Details: Subscribe to see
L
INN Energy, LLC (Nasdaq:LINE) announced today a joint-venture agreement with an affiliate of Anadarko Petroleum Corporation (NYSE:APC), whereby LINN will participate as a partner in the CO2 enhanced oil recovery development of the Salt Creek field, located in the Powder River Basin of Wyoming. Anadarko assigned LINN 23 percent of its interest in the field in exchange for future funding of $400 million of Anadarko's development costs. Over the next three to six years, LINN expects to invest a total of $600 million, which includes the $400 million of Anadarko's costs and $200 million net to…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jun-05-2025 |
-  |
- |
Click here | Wyoming | E&P |
| Jan-25-2022 |
- |
- |
Click here | Wyoming | E&P |
| Feb-17-2021 |
- |
- |
Click here | Wyoming | E&P |
| Nov-30-2020 |
- |
- |
Click here | Texas | E&P |
| Feb-07-2019 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jun-05-2025 | Vermillion Energy Exits US, Sells Power River Basin Asset | - |
- |
| Jan-25-2022 | Continental to Buy Chesapeake's PRB Assets for $450MM in Cash | - |
- |
| Feb-17-2021 | Continental Resources Enters the PRB; Inks $215MM Deal | - |
- |